I just found an astonishing statistic how far the "western" nations are gone down already.
It is in German but everyone can make his/her own conclusions very easy by looking to the graphs.
The dark blue one are the official debts of the nations, the light blue one shows the inofficial payment burden of the states due to existing obligations out of additional future social security, pension and health benift promises/ obligations they had given their people. All expressd in % of the GDP per person.
USA is even worse than Greek with an 1 338 % implicit debt of GDP per person (see the right end of the graphic),
NO way goes out of this debt trap. Only real things like gold can keep your hard worked savings.
The time bomb of uncovered debts will go up, that is mathematical "exponentially" sure. Gold and Gold shares will be real golden in these bitter times. Gold mines like Homestake for example were during the (mostly private) debt crisis of the 30 th the best performing stocks.
In case the graphic picture does not fit into this posting, pls. try this link of the graphic.
The article (in German) itself about these debts is under this linik: